AFP
SINGAPORE (AFP) — Singapore property stocks sank on Friday after data showed the city-state's four-year private property boom was over.
At midday, shares in Southeast Asia's largest developer CapitaLand were down 3.30 percent, City Developments was off 3.70 percent and Keppel Land was down 4.36 percent against a broader market decline of 2.24 percent.
Preliminary government data released on Thursday showed that private residential property prices fell 1.8 percent in the third quarter -- the first drop since the first quarter of 2004.
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